In 2011, China's textile and apparel trade showed a trend of high, low and high. In the first half of the year, the demand in the international market was stable, and the export continued its growth in 2010, accumulatively achieving an increase of 25.8%, of which the increase in the month of March was as high as 50.6%. In the second half of the year, the major markets in Europe, the United States, and Japan were in a sluggish economy, with a slump in foreign demand, coupled with unfavorable factors such as rising labor costs, fluctuations in prices of major raw materials, shortages of funds, and appreciation of taxes, which led to a gradual fall in the growth rate of textile and apparel exports. The monthly increase has fallen to single digits. Dragged down by the deceleration of export growth, import growth also showed a trend of highs and lows. In the first half of the year, cumulative imports increased by 18.9%, and the growth rate in the second half fell rapidly. In December, it was the first negative growth in the year.
Under the adverse circumstances of the overall foreign trade environment, the textile and apparel trade has been affected more significantly. In 2011, the growth rate of textile and apparel trade was lower than the increase of national goods trade by 3%, of which exports were 0.2% lower and imports were 11% lower.
Data point of view 1. The year-on-year negative growth in the export volume of textiles and garments was mainly dragged down by garments. The clothing quantity index and price index were 89.7% and 131.9%, respectively.
2. In 2011, China exported US$37.67 billion to the US textile and clothing, which was an increase of 11.7%. It was the slowest growth among the three major markets, with an increase of 11% from the previous year.
3. 70% of the country’s enterprises achieved export growth, of which 3/4 of the large and very large enterprises achieved export growth, while only 2/3 of medium, small and micro enterprises with exports below 5 million US dollars achieved export growth.
4. The average unit price of main merchandise imports rose. Yarn and fabric rose by 24.1% and 10.3% respectively, of which cotton products and wool products rose the fastest and chemical fiber products gained slightly.
According to statistics from China Customs, in 2011, the total value of China’s foreign trade imports and exports reached 364.206 billion U.S. dollars, an increase of 22.5% over the same period of last year (the same below). Among them, exports were US$189.86 billion, up 20.3%; imports were US$1.7434.6 billion, up 21.9%. The trade surplus was $155.14 billion, narrowing 14.5%.
In 2011, the cumulative trade volume of textiles and apparel was 271 billion U.S. dollars, an increase of 19.5%, of which exports were 247.96 billion U.S. dollars, up 20.1%, and imports were 23.04 billion U.S. dollars, up 13.9%. Imports and exports hit record highs. The cumulative surplus was US$224.92 billion, an increase of 20.7%.
Under the adverse circumstances of the overall foreign trade environment, the textile and apparel trade has been affected more significantly. In 2011, the growth rate of textile and apparel trade was lower than the increase of national goods trade by 3%, of which exports were 0.2% lower and imports were 11% lower.
Data point of view 1. The year-on-year negative growth in the export volume of textiles and garments was mainly dragged down by garments. The clothing quantity index and price index were 89.7% and 131.9%, respectively.
2. In 2011, China exported US$37.67 billion to the US textile and clothing, which was an increase of 11.7%. It was the slowest growth among the three major markets, with an increase of 11% from the previous year.
3. 70% of the country’s enterprises achieved export growth, of which 3/4 of the large and very large enterprises achieved export growth, while only 2/3 of medium, small and micro enterprises with exports below 5 million US dollars achieved export growth.
4. The average unit price of main merchandise imports rose. Yarn and fabric rose by 24.1% and 10.3% respectively, of which cotton products and wool products rose the fastest and chemical fiber products gained slightly.
According to statistics from China Customs, in 2011, the total value of China’s foreign trade imports and exports reached 364.206 billion U.S. dollars, an increase of 22.5% over the same period of last year (the same below). Among them, exports were US$189.86 billion, up 20.3%; imports were US$1.7434.6 billion, up 21.9%. The trade surplus was $155.14 billion, narrowing 14.5%.
In 2011, the cumulative trade volume of textiles and apparel was 271 billion U.S. dollars, an increase of 19.5%, of which exports were 247.96 billion U.S. dollars, up 20.1%, and imports were 23.04 billion U.S. dollars, up 13.9%. Imports and exports hit record highs. The cumulative surplus was US$224.92 billion, an increase of 20.7%.
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